PARIS — Hermès International upped its sales guidance for 2012 after posting better-than-expected results in the third quarter, as sales growth accelerated despite Europe’s economic woes and a general slowdown in luxury spending in China.
Shares in the maker of Birkin bags and silk scarves closed up 2 percent at 223.60 euros, or $304, on the Paris stock exchange after the company reported sales rose to 848.6 million euros, or $1.06 billion, in the three months to Sept. 30, from 683.2 million euros, or $967.2 million, during the same period a year earlier.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"